Analytics Leaders In Finance Have Higher Profitability

Analytical leaders don’t leave data and analytics to departments – they hold it centrally or impose uniform standards for how it is gathered, stored and used. Top ranked finance analytics leaders all have four characteristics in common: They support a strategic capability, their approach was enterprise-wide, the senior management team was committed, and the company made a significant strategic bet on analytics-based competition. Firms that get their analytics programs right see significant profits.